The Newmont Goldcorp Corporation (NYSE:NEM) is going down by -0.26% in today’s trading session, a fall equivalent to -0.1% of the stock’s price from yesterday’s market close. A news came out on 11/18/19 stating that Newmont Goldcorp Looks Forward to Partnership with Saracen at KCGM in Australia by WSJ. The lowest point that the shares touched during the trading session was $38.01, while the peak of the day was recorded at a share price of $38.75. NEM finished the previous session at $38.47 according to the data provided by Barchart, while the trading volume was observed to be $958116.
In the 100 days of trading, NEM managed to top a 38.60% Moving average. Additionally, Newmont Goldcorp Corporation shares have achieved a 52-week range between 29.77 and 41.23 alongside 100 days raw stochastic set at 49.28%.
The number of shares outstanding, according to the fundamentals of the company, is set at 818.31M, equal to the value of $31.48B in market capitalization. In the last 30 days, Newmont Goldcorp Corporation shares went down by -3.66%, adding 39.86 to growth in value, on top of a +6.46% boost since 10/21/19.
Newmont Goldcorp Corporation (NYSE:NEM) Analyst’s Estimates
Newmont Goldcorp Corporation (NEM) could record at least $0.55 per share in quarterly earnings in the upcoming report on 02/20/2020, a number that would actually represent an increase of 2.38 YOY.
According to the average analyst rating, Newmont Goldcorp Corporation would be rated as Overweight. Out of 17 different analysts monitoring NEM stock, 10 analysts rate the stock as a BUY, 6 suggest to give the rating of HOLD, 1 indicate that NEM is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On October 03, 2019, the stock earned a Upgrade rating due to a new analyst call from Deutsche Bank, while analysts from Macquarie believe that the stock is set at Neutral, as concluded on September 13, 2019. BMO Capital Markets, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on September 11, 2019.
Regardless of the rating, RBC Capital Mkts did increase their price to $45 as they are considering target share price analysis. Citigroup, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on May 23, 2019, giving the stock a Buy from the Neutral rating.
NEM Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +21.87% has been attained, while the operating margin has been recorded at +16.28%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 1.36%. Beta value of the stock is recorded at -0.04. Additionally, Newmont Goldcorp Corporation is recording price volatility of 1.63% for the period of the last seven days and 2.00% in the last 30 days.
Newmont Goldcorp Corporation (NYSE:NEM) Technical Outlook
For the period of the last 50 days, Newmont Goldcorp Corporation had its Raw Stochastic average set at 50.87% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 61.48%. Stochastic %K for Newmont Goldcorp Corporation, with the last 20 days included, was set at 61.65%, having Stochastic %D topping 57.14%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Newmont Goldcorp Corporation stocks with recording 13.79% in metrics.
Newmont Goldcorp Corporation Insider Watch:
Similarly, 91.46% of the company’s float is held by institutions – and there are 975 institutions in total holding shares of this company. The top three institutional holders of NEM stocks are: Blackrock Inc. with ownership of $4.31 billion, which is approximately 113749606 of the company’s shares; Vanguard Group, Inc. (The), holding 91081678 shares of the stock with an approximate value of $3.45 billion; and State Street Corporation, currently with more than 38085968 shares of the company valued at $1.44 billion. Positions in Newmont Goldcorp Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 18 insider purchases amounting to 162931 shares. Similarly, there were 47 sale transactions amounting to 175330 shares, with the net shares purchased during the last six months reaching -12,399.